The platform minimises the need to visit the website of multiple mutual fund houses to access your portfolio, statements, service requests and investments. All these information can be obtained from MFCentral.
“The platform will bring about simplification in mutual funds services and reduce turnaround times, while providing safe access. Leveraging the power of digital, MFCentral provides a unified gateway for friction-less services across all mutual funds,” said Anuj Kumar, Managing Director, CAMS.
A collaborative effort of KFin Tech and CAMS in association with AMFI, MFCentral offers digital access to investor lifecycle engagement with the entire MF industry under one roof.
In addition to a single portfolio view, the platform strives for complete fungibility of physical and digital services. It offers investors the added convenience of generating reports on unclaimed payments and raising service requests for non-commercial transactions (digital and scan-based), such as nominee change and address update.
The platform will go live in three phases by the end of this calendar year.
The first phase, going live today, covers non-commercial transactions (service requests of investors), financial portfolio view, and consolidated account statement amongst other features. The next two phases will see the launch of a mobility platform, financial transactions, and integration with ecosystem partners for several value-added services.